August 29th, 2014 09:00:07 GMT

Eurozone CPI flash y/y +0.3% vs +0.3% exp


  • +0.4% prev
  • core inflation, which strips out volatile food, energy, alcohol and tobacco prices is estimated to have risen 0.9% from 0.8% in the previous month.

Euro gets a lift from higher core CPI reading but still leaves concerns for ECB

EURUSD 1.3188 EURGBP 0.7942 EURJPY 137.09

Eurozone CPI table

Eurozone CPI table

Eurozone core CPI yy

Eurozone core CPI yy


August 29th, 2014 08:43:11 GMT

More from the orderboard 29 Aug


USDCHF currently 0.9155 in tight range still

Sellers   0.9165 0.9185 0.9200 0.9225 0.9240-50

Buyers 0.9125 0.9100-10 0.9080 0.9060-70


EURCHF currently 1.2060.Still talk of SNB interest at 1.2050

Sellers  1.2085 1.2100-10 1.2120-25 1.2135 1.2150 1.2165 1.2185 1.2200

Buyers  1.2050 (rumoured SNB bids) 1.2020 1.2000 (SNB CHF cap)


USDCAD currently 1.0853 after finding support at 1.0840 again but still failing to clear 1.0875-85

Sellers 1.0875-85 1.0900 1.0920-30 1.0950 1.0985-95 1.1000 (barrier option-stops above)

Buyers  1.0830-40 1.0800 1.0785 1.0765 1.0750


NZDUSD currently 0.8389 taking a breather

Sellers   0.8400-10 0.8435 0.8450-60

Buyers  0.8360 0.8325-35 0.8300-10


August 29th, 2014 08:24:00 GMT

ONS says UK business investment data postponed


  • was due out at 08.30 GMT
  • ONS have not said when the data would be released or why it has been delayed

Business Investment measures the change in the total inflation-adjusted value of capital expenditure made by companies in the private sector and was expected +2.0% QQ vs +5.0% prev

Just a heads up for anyone patiently waiting


August 29th, 2014 08:14:03 GMT

German fin min Schaeuble says the ECB can’t fight deflation


A story out earlier that slipped under the radar but some of you might have seen

German fin min quoted in interview with Bbg done yesterday but published today

  • ECB does not have the instruments to fight deflation
  • monetary policy has run out of tools

I don’t think ECB monetary policy has the instruments to fight deflation, to be quite frank

Monetary policy can only buy time.

Liquidity in markets is not too low, it’s even too high. Therefore I think monetary policy has come to the end of its instruments and therefore what we urgently need is investments, regaining confidence by investors, by markets, by consumers


August 29th, 2014 08:00:52 GMT

EURJPY orders 29 Aug


Currently 136.74 pinned in by decent bids and offers still

Sellers  137.00 137.25-35 137.60-70 137.80 138.00-10 (stops above)

Buyers  136.50 136.30 136.15 136.00


August 29th, 2014 07:57:28 GMT

EURGBP orders 29 Aug


Currently 0.7932 having taken out the 35-40 support. Month-end buying being negated at the moment but can’t rule out a spike or two

Sellers  0.7950-55 0.7975-85 0.8000-10 0.8025-30 (stops above) 0.8045-50

Buyers  0.7920-25 0.7900-10 0.7885 0.7850-60


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